Results 3,481-3,500 of 28,162 for speaker:Catherine Murphy

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: What would the cost per unit to have viable units be?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: It is not unreasonable.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: Will Mr. McDonagh tell me about the 3.2 ha of land? What was the zoning on it?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: What was the zoning on it?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: Okay. It is outside the town.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: What was the valuation on that?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: You would have got 18 houses for probably €1.4 million. You would have had 14 residential units with a rental income. I fail to understand how this valuation of €265,000 stacks up.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: I will go back to the rental income. Are these properties registered with the Residential Tenancies Board, RTB?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: NAMA would have some chance of finding out what the rental income was, if that was the case.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: Did the tenants say why?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: There are lines to be read through there. It is very difficult not to conclude that the tenants knew what they were supposed to say. On the wind-up, how many staff are now in NAMA?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: Where does that go to from there?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: What happens then, if there are still loans or assets? They will be subsumed, presumably.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: Are there other examples of this kind of thing? NAMA sold off the things that were easy to sell off at the beginning. The more difficult ones that had problems with title and things like that were more difficult to sell. They are the residual ones. Is there anything else that is in this kind of range?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: What are the key outstanding issues in disposing of the other loans or assets?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: What age were the 14 occupied units?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: So they were reasonably modern. What size were they?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: Mr. McDonagh said they were on the outskirts of a town. Are they broken up into different locations?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: One location.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Catherine Murphy: So the 18 unfinished units are in different locations to that.